Pharvaris Director Viviane Monges Exercises Options, Sells 11,969 Shares

What Happened Viviane Monges, a director of Pharvaris N.V. (PHVS), exercised options to acquire 11,969 shares (exercise cost $8.05/share, $96,350 total) and immediately sold those 11,969 shares in a cashless exercise on September 23, 2026, generating gross proceeds of approximately $395,524 (weighted average sale price $33.05/share). The filing shows a related derivative disposition entry at $0.00, reflecting the option conversion/termination in the cashless exercise.

Key Details

• Transaction date: 2026-09-23; Form 4 filed: 2026-09-25 (timely).
• Option exercise: 11,969 shares acquired at $8.05 per share (total cost $96,350).
• Open-market sales: 11,969 shares sold at a weighted average price of $33.05 (gross proceeds ~$395,524). Reported sale prices ranged $33.00–$33.0801 (see footnote F1).
• Derivative entry: 11,969 shares shown as disposed at $0.00 reflecting option conversion/termination.
• Shares owned after transaction: not stated in the excerpt of the filing.
• Vesting note (F2): 25% of the option vested April 6, 2024; remaining shares vest 1/48 monthly thereafter.
• Filing timeliness: filed two days after the transaction (no late filing flag).

Context This was an options exercise followed by an immediate sale (a cashless exercise), a common way for insiders to cover option costs and taxes; it does not by itself indicate a change in long-term sentiment. The filing includes a weighted-average sale price and offers to provide per-transaction prices on request (F1).